2023 Form 5500 filing — Wits Solutions, Inc. Health And Welfare Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241008113219NAL0009593555001) for Wits Solutions, Inc. Health And Welfare Plan, reported by Wits Solutions, Inc under EIN 26-3877344 and plan number 501. It reports 146 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008113219NAL0009593555001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Wits Solutions, Inc
- EIN
- 26-3877344
- Plan number
- 501
- Location
- San Mateo, CA
- Participants
- 146
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $36,519
- Total liabilities (EOY)
- $20,424
- Net assets (EOY)
- $16,095
- Employer contributions
- $429,829
- Participant contributions
- $173,318
- Total income / additions
- $603,147
- Benefits paid
- $534,860
- Administrative expenses
- $91,711
- Total expenses
- $626,571
- Net increase / (decrease)
- -$23,424
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fce Benefit Administrators, Inc. | NONE | $52,827 | $698 |
| Ineich & Company, Llp | NONE | $19,000 | not reported in the loaded dataset |
| Fiduciary Plan Management Services | NONE | $9,032 | not reported in the loaded dataset |
| Business Benefits Group | NONE | $8,277 | not reported in the loaded dataset |